Are you in compliance?

Accounting & Auditing Update

The "Accounting & Auditing Update" is written by Tammy Whitehouse, a veteran business writer who has been a regular contributor to Compliance Week since 2005. Her work has also appeared in industry journals and periodicals including Journal of Business Strategy, Strategy & Leadership, Compensation & Benefits Review, Inc, Buyside, and myriad others. Whitehouse welcomes questions and comments from readers; she can be reached via e-mail at twhitehouse@complianceweek.com.

CFOs and controllers are struggling to keep up with the pace of change in financial reporting, having a significant impact on effectiveness, according to a global EY survey. Tammy Whitehousehas the results.

For companies still struggling to get their arms around financial compliance, especially with respect to internal control over financial reporting, technology may provide the answer, according to the Financial Executives Research Foundation. Tammy Whitehousereports.

The use of technology-assisted review to accelerate document-laden legal proceedings is picking up, with courts, regulators, and plaintiffs alike wanting to resolve disputes more efficiently and more accurately. David Remnitz, a forensic technology leader for EY who helped author a handbook on the practice, says there’s been a huge drive toward automation post-recession. “The recession squeezed out a great deal of the optionality of the cost associated with large-scale discovery exercises,” he said. More inside.